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    BNY Mellon Pennsylvania Intermediate Municipal Bond Fund

    Why invest in this Fund?

    The fund seeks as high a level of income exempt from federal and Pennsylvania state income taxes as is consistent with the preservation of capital.

    To pursue its goal, the fund normally invests at least 80% of its net assets, plus any borrowings for investment purposes, in municipal bonds, the interest from which is exempt from federal and Pennsylvania state personal income taxes. The fund also may invest in municipal bonds that are exempt from federal income taxes, but not Pennsylvania personal income taxes, and in taxable bonds.

    The fund's investments in municipal and taxable bonds must be of investment grade (i.e. Baa/BBB or higher) quality at the time of purchase or, if unrated, deemed of comparable quality by the investment adviser. Generally, the fund’s average effective portfolio maturity will be between three and ten years and the average effective duration of the fund’s portfolio will not exceed eight years. The fund may invest in individual municipal and taxable bonds of any maturity or duration.

    In calculating average effective portfolio maturity and average effective portfolio duration, the fund may treat a security that can be repurchased by its issuer on an earlier date (known as a "call date") as maturing on the call date rather than on its stated maturity date.
    Class Inception Date
    01/01/87
    Fund Assets
    $93,362,428  As of  04/25/24
    Class Assets
    $88,995,258  As of  04/25/24
    Portfolio Turnover Rate
    109.86% As of fiscal year end  08/31/23
    Morningstar Category
    Municipal Pennsylvania
    Benchmark
    S&P Municipal Bond Investment Grade Intermediate Index
    Morningstar Overall Rating
    Fund Holdings
    111 As of 03/31/24
    AVERAGE EFFECTIVE MATURITY
    10.08 yr(s).  As of  03/31/24

    Morningstar Rating™ as of March 31, 2024 for the Class M class shares; other classes may have different performance characteristics. Overall rating for the Municipal Pennsylvania category. Fund ratings are out of 5 Stars: Overall 3 Stars (50 funds rated); 3 Yrs. 4 Stars (50 funds rated); 5 Yrs. 3 Stars (48 funds rated); 10 Yrs. 2 Stars (41 funds rated).

    Yields and Expense Ratio

    30-DAY SEC YIELD
    as of 04/25/24
    ANNUALIZED
    DISTRIBUTION RATE
    as of 03/31/24
    PROSPECTUS FEE TABLE EXPENSE RATIO (%)
    as of 12/29/23
    Subsidized Unsubsidized Net Gross Contractual
    Fee Waiver End Date
    3.03 2.83 2.41 0.59 0.79 12/29/24

    Portfolio Managers

    • Mary Collette  O'Brien

      Mary Collette O'Brien

      Managing Director , The Bank of New York Mellon

      Managing Fund Since 2000

    • Gregory J.  Conant

      Gregory J. Conant

      Portfolio Manager,

      Managing Fund Since 2015


    Total Returns

    Average Annual
    As of 03/31/24
    Name 3 MO
    03/31/24
    YTD
    03/31/24
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Pennsylvania Intermediate Municipal Bond Fund
    MPPIX
    -0.10 -0.10 2.95 -0.35 1.39 2.07 4.22
    S&P Municipal Bond Investment Grade Intermediate Index
    -0.34 -0.34 2.39 -0.16 1.58 2.43 -
    Average Annual
    As of 03/31/24
    Name 3 MO
    03/31/24
    YTD
    03/31/24
    1 YR 3 YRS 5 YRS 10 YRS Since Inception
    BNY Mellon Pennsylvania Intermediate Municipal Bond Fund
    MPPIX
    -0.10 -0.10 2.95 -0.35 1.39 2.07 4.22
    S&P Municipal Bond Investment Grade Intermediate Index
    -0.34 -0.34 2.39 -0.16 1.58 2.43 -

    The S&P Municipal Bond Investment Grade Intermediate Index consists of bonds in the S&P Municipal Bond Index that are rated at least BBB- by Standard & Poor’s, Baa3 by Moody’s or BBB- by Fitch Ratings. All bonds must also have a minimum maturity of 3 years and a maximum maturity of up to, but not including, 15 years as measured from the rebalancing date. Investors cannot invest directly in any index.

    Growth of $10,000 Investment

    Historical Performance

      Yield fluctuates and past performance is no guarantee of future results.

      Monthly yield history is the annualized distribution rate that is based upon dividends per share from net investment income paid during the period, divided by the period ended maximum offering price per share, adjusted for capital gains (IF ANY) distributed during the period, and annualized based upon the number of days in the distribution period.


      Prospectus Fee Table Expense Ratios

      As of  12/29/23 Fee Description Expense Ratio (%)
      Management Fee 0.50%
      Administration Fee 0.14%
      Other Expenses 0.15%
      Total Expenses 0.79%
      Expenses Reimbursed 0.20%
      Net Expenses 0.59%
      The fund's investment adviser, BNY Mellon Investment Adviser, Inc., has contractually agreed, until December 29, 2024, to waive receipt of its fees and/or assume the direct expenses of the fund so that the direct expenses of neither class of fund shares (excluding shareholder services fees, taxes, interest expense, brokerage commissions, commitment fees on borrowings and extraordinary expenses) exceed .59%. On or after December 29, 2024, BNY Mellon Investment Adviser, Inc. may terminate this expense limitation agreement at any time.

      Portfolio Manager/Sub-Investment Adviser

      The investment adviser for the fund is BNY Mellon Fund Advisers, a division of BNY Mellon Investment Adviser, Inc. Mary Collette O'Brien and Gregory J. Conant are the fund's primary portfolio managers. Ms. O'Brien has held that position since the fund's inception in October 2000. Mr. Conant has held that position since September 2015. Ms. O'Brien and Mr. Conant are managing director and vice president, respectively, of BNY Mellon Wealth Management. Ms. O'Brien and Mr. Conant manage the fund as employees of BNY Mellon Investment Adviser, Inc.

      Asset Allocation


          Daily Statistics

          As of 04/25/24 Name NAV Change 01/08/24  12 Month 
          High Nav
          10/30/23  12 Month 
          Low Nav
          YTD Return
          MPPIX
          $11.39
          -$0.03
          -0.26%
          $11.64 $10.89 -1.52%

          Performance Metrics

          Overall Morningstar Rating


          MORNINGSTAR CATEGORY Municipal Pennsylvania


          Morningstar Rating™ as of 03/31/24 for the Class M shares; other classes may have different performance characteristics. Overall rating for the Municipal Pennsylvania. Fund ratings are out of 5 Stars: Overall 3 Stars (50 funds rated); 3 Yrs. 4 Stars (50 funds rated); 5 Yrs. 3 Stars (48 funds rated); 10 Yrs. 2 Stars (41 funds rated).
          The Morningstar Rating™ for funds, or "star rating", is calculated for managed products with at least a 3-year history. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance (not including the effects of sales charges, loads and redemption fees if applicable), placing more emphasis on downward variations and rewarding consistent performance. Managed products; including open-end mutual funds, closed-end funds and exchange-traded funds; are considered a single population for comparative purposes. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its 3-, 5-,and 10-year (if applicable) Morningstar Rating metrics. © Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results. The fund represents a single portfolio with multiple share classes that have different expense structures. Other share classes may have achieved different results.

          Lipper Rankings

          • 1 Year
            7 out of 52
          • 3 Year
            9 out of 52
          • 5 Year
            2 out of 52
          • 10 Year
            4 out of 46

          LIPPER CLASSIFICATION Other States Intermediate Muni Debt Fds


          Lipper Category returns and rankings as of 03/31/24, are calculated by Lipper Inc., a Reuters Company, which is a nationally recognized organization that compares the performance of mutual funds with similar investment objectives. The Category returns represent the average performance of included funds, while rankings compare an individual fund's returns to those of the other funds in its category. Both are based on total return performance, with capital gains and dividends reinvested, with annual operating expenses deducted, but without including front or back-end sales charges. Rankings begin with the actual share class inception. Rankings are relative to a peer group and do not necessarily mean that the fund had high total returns. Rankings do not reflect sales loads

          Main Risks

          The fund is subject generally to interest rate, credit, liquidity, call, and market risks, to varying degrees, all of which are more fully described in the fund's prospectus.
          Generally, all other factors being equal, bond prices are inversely related to interest-rate changes and rate increases can cause price declines.
          Investing primarily in a single state may make the fund's portfolio securities more sensitive to risks specific to the state.
          Please refer to the prospectus for a more complete discussion of the fund's main risks.

          Risk Metrics

          As of  03/31/24  3-Year Trailing Standard Deviation Alpha Beta R-Squared Sharpe Ratio
          MPPIX
          6.03 -0.62 0.81 99.21 -0.52

          All risk metrics are provided by Morningstar. The index used in the calculations are determined by Morningstar which may not be the funds primary benchmark. The index Morningstar used for this analysis is Bloomberg U.S. Municipal Bond Index.



          Dividend Schedule

          Declared
          Daily
          Distributed
          Monthly
          Paid
          Monthly
          Fiscal Year End
          Aug 31
          Month/Year Dividend ($)
          03/2024 0.023630856
          02/2024 0.022039200
          01/2024 0.022757662
          12/2023 0.024345867
          11/2023 0.022486539
          10/2023 0.024152535
          09/2023 0.021356836
          08/2023 0.022886785
          07/2023 0.022532180
          06/2023 0.021921415
          05/2023 0.023872413
          04/2023 0.019975285

          Distributions History

          Record Date Ex-Dividend Date Payable Date Ordinary 
          Non-Qualified 
          Dividends
          Qualified 
          Dividends
          Non-Qualified 
          Short-Term 
          Capital Gain
          Qualified 
          Short-Term 
          Capital Gain
          Long-Term 
          Capital Gain
          Total 
          Distribution
          12/22/21 12/23/21 12/23/21 0.0000 0.0000 0.0209 0.0000 0.0858 0.1067
          Record Date Ex-Dividend Date Payable Date Ordinary 
          Non-Qualified 
          Dividends
          Qualified 
          Dividends
          Non-Qualified 
          Short-Term 
          Capital Gain
          Qualified 
          Short-Term 
          Capital Gain
          Long-Term 
          Capital Gain
          Total 
          Distribution
          12/22/20 12/23/20 12/23/20 0.0000 0.0000 0.0053 0.0000 0.0738 0.0791
          12/26/19 12/27/19 12/27/19 0.0000 0.0000 0.0059 0.0000 0.0172 0.0231
          12/27/17 12/28/17 12/28/17 0.0000 0.0000 0.0000 0.0000 0.0210 0.0210
          12/28/16 12/29/16 12/29/16 0.0000 0.0000 0.0137 0.0000 0.1826 0.1963
          12/22/15 12/23/15 12/23/15 0.0000 0.0000 0.0062 0.0000 0.0323 0.0385
          12/18/13 12/19/13 12/19/13 0.0000 0.0000 0.0000 0.0000 0.1121 0.1121
          12/12/12 12/13/12 12/13/12 0.0000 0.0000 0.0058 0.0000 0.0839 0.0897
          12/09/09 12/10/09 12/10/09 0.0000 0.0000 0.0028 0.0000 0.0000 0.0028
          12/10/08 12/11/08 12/11/08 0.0000 0.0000 0.0055 0.0000 0.0353 0.0408
          12/12/07 12/13/07 12/13/07 0.0000 0.0000 0.0044 0.0000 0.0162 0.0206
          12/14/06 12/15/06 12/15/06 0.0000 0.0000 0.0038 0.0000 0.0231 0.0269
          12/15/05 12/16/05 12/16/05 0.0000 0.0000 0.0152 0.0000 0.0622 0.0774
          12/08/04 12/09/04 12/09/04 0.0000 0.0000 0.0005 0.0000 0.0829 0.0834
          12/04/03 12/05/03 12/05/03 0.0000 0.0000 0.0000 0.0000 0.0320 0.0320
          12/06/01 12/07/01 12/07/01 0.0000 0.0000 0.0278 0.0000 0.0000 0.1179
          12/06/00 12/07/00 12/07/00 0.0000 0.0000 0.0023 0.0000 0.0000 0.0048
          See all rows...

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